Which of the following is NOT included in M1?
A) currency held outside banks
B) time deposits
C) traveler's checks
D) checking deposits

Question

Quizplus · Accepted Answer

M1 includes liquid forms of money, such as currency held outside banks, traveler's checks, and checking deposits. Time deposits, however, are not included in M1 because they are not readily accessible for spending and require notice or a period of time before withdrawal.

Which of the Following Is NOT Included in M1